Customer Reviews

The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect and Act!

5 star:		(35)
4 star:		(7)
3 star:		(4)
2 star:		(0)
1 star:		(0)

 

 

I have had the pleasure to meet with AJ, one-on-one, a number of years ago. At that time I had read 15-20 books on technical analysis and was completely confused on which tools I should use. At that time AJ introduced me to his "KISS - Keep It Super Simple" philosophy. I went from loses to gains because he was able to help remove the confusion about trading. He helped me understand even the professional stock traders don't know if a stock is going up or down, but if you have proper "Risk Management Tools" it doesn't matter. In the book, on page 243, last sentence of the first paragraph, "RISK IS A FACTOR THAT MUST BE RECOGNIZED AND PROPERLY MANAGED, NOT AVOIDED ENTIRELY." Risk management is key. All the technical analysis tools in the world won't help you if you don't have proper "Risk Management Tools" A beginner should start out with The Market Guy's book, then read 5-10 other books on technical analysis. After this education, take all that knowledge and come back to "The Market Guy's Five Points for Trading Success and read it again. This will help you understand how the Market Guy's, with their "KISS Philosophy" can teach you how to make money. I would also recommend subscribing to AJ's "Option Oracle". These are not just recommendations he gives to make money, these are his trades he uses in his personal account. Most "teachers" in stock trading don't trade their recommended stock picks. They only make money if you subscribe. Not the Market Guys, their personal money is on the line with yours! Congratulations to the Market Guys for putting all the information they teach at their seminars into their first book!!! Buy two and give one to a friend. I did.

The Market Guys come through on their promise to Keep It Super Simple. They demystify trading stocks. The biggest benefit I have taken away so far is to incorporate their advice on managing my risk by making sure I don't expose more than 1% of my trading account on any one trade by using stop loss orders, managing my position size, and identifying support levels. Just minimizing my losses alone will tremendously increase my rate of return. Even when the market goes down and I lose some money, I love looking at a comparison of my account versus the indexes and seeing my account positions stop out and limit my loss, while the market continues to tank. This book and the other products the Market Guys come out with give me the confidence to wade into the water as a first time stock trader.

There are no easy "get rich schemes" to profitable investing. It requires due diligence and common sense principles. Rick and A.J.'s book," Five Points to Trading Success" will give you a world of experience gained by them on Wall Street over the past 25 years. Of particular note is advice on how and when to "take your losses", protect your positions, and heaven forbid, partner with your spouse on investment decisions. It's all about risk and risk assessment, technical analysis, and market psycology. A must for the serious investor.

So many trading books focus on new tricks and an unfounded techniques to perfect your trading system. This book is a blueprint for Trading Success regardless of your Trading System. It's a very practical, common sense guide to helping you be aware of your emotions and implement a more disciplined approach to trading. I am a Financial Planner and active Trader and I think this book is quite possible the best trading book I have ever read! Their podcasts are great too!

I consider this book to be a must read when you invest. The approach to investing that they recommend is very simple and is the best group of ideas I have come across yet. Their chapter on mistakes to avoid is critical reading, every time I have neglected their recommendations it has cost me money. This chapter alone is worth many times the price of the book. In today's highly volatile market their trading recommendations are even more useful.

It covered from money management to technical entry and stop position. It is one of the best trading book I ever read. Thank you.

Although I have not finished the whole book, I have found it very interesting and highly informative. As a newbie to trading this book can help put you in the right direction from the beginning. As an experienced trader it should help one rid themselves of bad habits and simplify their trading program. Based on what I have read I have already changed some of the precepts I had about trading. Being able to accept a loss and divorce your stock is the biggest lesson learned so far. Terminology and in depth explanations of technical indicators are covered in depth.

This is great book and my hat is off to the TMG team.

This is a very good book. The ideas behind it well well thought out and sound. The presentation of the material is well organized and understandable. If you are looking to getting into investing in the stock market this is a good first step.

Not only do I own this book, I attended a seminar hosted by one of the large brokerage houses, with The Market Guys as speakers. If you ever - EVER - have an opportunity to hear these guys, do so. Not only are they successful and articulate, they are just fine guys. Both of them spoke about their personal circumstances and their roads to success, which one might expect, but their focus was on living a right life and leaving a legacy of good. I always love to hear successful people credit the Creator. These two know who they are and what they are doing. And the book is excellent. Do yourself a favor and get acquainted with them.

This book lays out a good strategy for trend analysis and profit-taking. It sets clearly defined goals and details good examples. However, after testing some of the strategies in the book, I've found that the current market's share price volatility often overwhelms the micro-trends used to define stop-loss values. Overall though, I think this book is definitely a keeper!